Instrumentation and controls are the basic disciplines that employees and students need to be qualified in to work efficiently in the oil and gas fields across the globe. The disciplines involve the science of measuring and controlling different process variables within a production or manufacturing setup. The process variable used in manufacturing industries include pressure, humidity, flow, level, force, speed, pH, and others.

Technavio’s analysts forecast the global instrumentation and controls training market for oil and gas industry to grow at a CAGR of 11.37% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global instrumentation and controls training market for oil and gas industry for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Instrumentation and Controls Training Market for Oil and Gas Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

ABLE Instruments & Controls

Forbes Marshall

Mobility Oil and Gas

PetroSkills

Other prominent vendors

Enform

TPC Training Systems

PetroKnowledge

NAIT

Abhisam Software

GLOMACS

NExT

Maersk Training

IDC Technologies

ISA

Market driver

Rising job opportunities from oil and gas industry

For a full, detailed list, view our report

Market challenge

Lack of experienced trainers

For a full, detailed list, view our report

Market trend

Growing popularity of IIoT

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

Press Release

Technavio Announces the Publication of its Research Report – Global Instrumentation and Controls Training Market for Oil and Gas Industry 2017-2021

Technavio recognizes the following companies as the key players in the global instrumentation and controls training market for oil and gas industry: ABLE Instruments & Controls, Forbes Marshall, Mobility Oil and Gas, and PetroSkills.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing popularity of IIoT. Industrial Internet of Things (IIoT) is gaining popularity, particularly in the manufacturing and industrial sector. It has applications in plants and facilities in the oil and gas, chemical, and petrochemical industries. Various instruments and control systems are synchronized with the Internet and real-time network.”

According to the report, one driver in the market is rising job opportunities from oil and gas industry. Job opportunities from the oil and gas industry have increased considerably over the last few years. Aging workforce and increasing inclination of students toward the information, communication, technology (ICT) and other domains have created a scarcity of employees at the executive and middle levels in oil and gas companies. Therefore, there is a significant human resource crunch in the industry. This, in turn, is creating various job opportunities for candidates majoring in engineering fields, including instrumentation and control engineers, and electrical engineers.

Further, the report states that one challenge in the market is lack of experienced trainers. The oil and gas industry is facing severe talent shortage due to the increasing aging workforce not being replaced quickly enough with new talent. In addition, the trained and experienced working professionals eventually get retired resulting in a lack of trainers for delivering the instrumentation and controls training. Often, vendors offer instructor-led courses that involve major practical components, which require experienced and trained instructors.